The ability to use electronic signatures on employment forms is critical to the Internal Revenue Servicereaching electronic filing goals, the Electronic Tax Administration Advisory Committee said in its annual report to Congress. ETAAC noted the IRS has a goal of having 80 percent of all major return categories electronically Filed. However, the employment taxes, the Form 94x Series, reached only an estimated 37.2 percent this year.

The Form 94x level compares to an estimated 86.6 percent for individual tax returns in 2016 which were efiled. The committee noted the IRS plans improvements that could include removing efiling barriers, but that depends on budget and staff availability. The most recent statistics show 19.4 million employment forms filed via paper returns with with 11,360,800 efiled.

The average for all categores is 78 percent but only individual returns have met the IRS 80-percent goal. The next closest, partnership returns, (1065/1065-B), reached an estimated 78.9 percent with 3,081,500 returns efiled. The next highest level is for fiduciary returns (Form 1041) with 2,419,100 efiled representing 74.1 percent of the total in that category.

Following closely behind that was the rate or corporate taxes (1120/1120-A, 1020-S) were 5,170,300 efiled returns estimated at 74.1 percent of all corporate returns filed. Further back, is the smaller category, exempt organization returns (Forms 990, 990-EZ). There were 355,500 efiled this year, 58.1 percent of all such returns

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PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes.
We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.